Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 29 July 2010 10:03

Intel does not need Israel

Written by Nick Farell


Depends how much they pay us
Intel Executive Vice President David Perlmutter has bluntly told the Israeli government that however much it pays the chip maker to set up a new plant in Israel will decide if the project goes ahead.

Intel and Israel have had a long love affair of grants and establishing plants. At present the company is the country's largest private employer in the high-tech industry, with more than 7,000 employees, and it is also the largest exporter, with exports of two billion dollars in 2009.

However Perlmutter told YNet that the Kiryat Gat plant needs upgrading. Intel asked for a $405 million grant, as part of an overall investment of $2.7 billion that it is implementing. He is quoted as saying that the grant has a great deal of importance in decision making. It is important for me to clarify that the decision on the grant will have a deciding influence on whether we establish the plant here or not.

“Intel has other alternatives," Perlmutter noted. It is a veiled threat as the Israelis have not come up with the cash yet and the claim that Intel could take its factory plans and run might make the country break out in a cold sweat.
Last modified on Thursday, 29 July 2010 10:55

Nick Farell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments